Tariffs and LBL, page-16

3500, as you have stated, Trump has imposed a 25% tariff on all steel and aluminium imports, with no exceptions for any country. This tariff applies to both raw materials and finished products. Given that LaserBond's steel mill rolls are manufactured from steel in Australia and exported to the U.S., these tariffs could directly impact the competitiveness of LaserBond's products in the U.S. market. The increased costs due to tariffs may lead U.S. customers to seek domestic alternatives or negotiate price adjustments to offset the tariff impact. To mitigate these challenges, LaserBond might consider exploring local manufacturing or partnerships within the U.S. to circumvent the tariffs and maintain its market position.
Additionally, it's important to note that Australia is actively seeking exemptions from these tariffs. Australian Prime Minister Anthony Albanese plans to discuss the matter with President Trump, aiming to secure relief for Australian steel and aluminium exports. However, until such exemptions are granted, LaserBond should prepare for the immediate effects of the tariffs on its products exported into the U.S.